Super funds set to deliver again in 2020

Super members have good reason to be optimistic about what 2020 might deliver to their balances but they can’t expect the same double digit returns as last year, a research house says.

SuperRatings says 2019 was the best year for superannuation funds since 2013, with the median balanced option returning 13.8 per cent.

Despite a sell off in Australian shares in December, funds entered the new year in a strong position as markets shrugged off a string of negative economic news and rising geopolitical tension, it said.

However, funds are already battling the new normal of lower yields and returns, which will make a repeat of 2019’s results unlikely in 2020.

AAP

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